Factory Orders Drop in July
Aug 31, 10:17 AM EDT |
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| New orders for manufactured nondurable goods increased $3.0 billion or 1.6 % to $193.8 billion. |
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| New orders for manufactured goods in July, down following two consecutive monthly increases, decreased $2.4 billion or 0.6 % to $405.1 billion, the U.S. Census Bureau reported today. This followed a 1.5 % June increase. Shipments, up two of the last three months, increased $0.1 billion to $403.9 billion. This followed a 0.1 % June decrease. Unfilled orders, up fourteen of the last fifteen months, increased $8.2 billion or 1.3 % to $630.2 billion. |
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Jobless Claims Edge Down
Aug 31, 9:02 AM EDT |
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| The 4-week moving average was 2,485,750, an increase of 13,500 from the preceding week's revised average of 2,472,250. |
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| In the week ending Aug. 26, the advance figure for seasonally adjusted initial claims was 316,000, a decrease of 2,000 from the previous week''''s revised figure of 318,000. The 4-week moving average was 317,500, an increase of 1,000 from the previous week''''s revised average of 316,500.The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Aug. 19, unchanged from the prior week''''s unrevised rate of 1.9 %. |
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Personal Income Rises by 0.5% in July
Aug 31, 8:58 AM EDT |
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| Rental income of persons increased $2.5 billion in July, in contrast to a decrease of $5.7 billion in June. |
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| Personal income increased $60.2 billion, or 0.5%, and disposable personal income (DPI)increased $63.9 billion, or 0.7%, in July, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $78.7 billion, or 0.8%. In June, personal income increased $60.0 billion, or 0.6%, DPI increased $47.8 billion, or 0.5%, and PCE increased $36.6 billion, or 0.4%, based on revised estimates. |
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U.S. Crude Oil Inventories Increase
Aug 30, 10:54 AM EDT |
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| Total products supplied over the last four-week period has averaged nearly 21.3 million barrels per day, or about the same as averaged last year. |
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| U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending August 25, up 54,000 barrels per day from the previous week''''s average. Refineries operated at 92.9 % of their operable capacity last week. Gasoline production declined last week compared to the previous week, averaging over 9.1 million barrels per day, while distillate fuel production increased, averaging 4.2 million barrels per day. |
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GDP Revised up to 2.9%
Aug 30, 9:00 AM EDT |
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| Real final sales of domestic product - GDP less change in private inventories - rose 2.3% in the second quarter vs. an increase of 5.6 % in the first. |
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| Real gross domestic product - the output of goods and services produced by labor and property located in the United States - increased at an annual rate of 2.9 % in the second quarter of 2006, according to preliminary estimates released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 5.6 %. |
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FOMC Members See Economic Growth Slowing
Aug 29, 3:04 PM EDT |
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| As at the June meeting, all participants expressed concern about continued elevated readings on core inflation and inflation risks going forward. |
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| The information reviewed at the meeting suggested that the growth of economic activity in the second quarter slowed from its rapid pace in the first quarter. Residential investment contracted as activity in the housing market continued to cool. Consumer spending and business investment decelerated after posting substantial increases in the first quarter. The demand for labor moderated, with hiring in recent months below the pace of earlier this year. |
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Consumer Confidence Declines Beyond Estimates
Aug 29, 10:23 AM EDT |
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| The Conference Board Consumer Confidence Index, which had increased moderately in July, posted a sharp decline in August. |
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| The Index now stands at 99.6, down from 107.0 in July. The Present Situation Index decreased to 123.4 from 134.2. The Expectations Index declined to 83.8 from 88.9 last month.The Consumer Confidence Survey is based on a representative sample of 5,000 U.S. households. The monthly survey is conducted for The Conference Board by TNS. TNS is the world''s largest custom research company. The cutoff date for August''s preliminary results was August 22nd. |
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Durable Goods Orders Drop 2.4%
Aug 24, 11:26 AM EDT |
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| New orders for manufactured durable goods in July decreased $5.3 billion or 2.4% to $212.0 billion, the U.S. Census Bureau announced today. |
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| This decrease follows two consecutive monthly increases, which includes a 3.5% June increase. Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $2.8 billion or 1.3 % to $210.6 billion. This followed a 0.3% June increase. |
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Jobless Claims Decline by 1,000
Aug 24, 11:23 AM EDT |
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| The advance seasonally adjusted insured unemployment rate was 1.9% for the week ending Aug.12, unchanged from the prior week's unrevised rate of 1.9%. |
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| In the week ending Aug. 19, the advance figure for seasonally adjusted initial claims was 313,000, a decrease of 1,000 from the previous week''''s revised figure of 314,000. The 4-week moving average was 315,250, an increase of 3,500 from the previous week''''s revised average of 311,750. |
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New Home Sales Decline 4.3% in July
Aug 24, 11:19 AM EDT |
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| The median sales price of new houses sold in July 2006 was $230,000; the average sales price was $293,500. |
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| Sales of new one-family houses in July 2006 were at a seasonally adjusted annual rate of 1,072,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.3% below the revised June rate of 1,120,000 and is 21.6% below the July 2005 estimate of 1,367,000. |
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